Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,764 shares of the oil and gas company’s stock after selling 314 shares during the quarter. Global Retirement Partners LLC’s holdings in Marathon Petroleum were worth $776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of Marathon Petroleum by 22.9% during the fourth quarter. Fisher Asset Management LLC now owns 7,451 shares of the oil and gas company’s stock worth $1,105,000 after acquiring an additional 1,386 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Marathon Petroleum by 4.4% during the 1st quarter. Traynor Capital Management Inc. now owns 3,201 shares of the oil and gas company’s stock valued at $645,000 after buying an additional 134 shares during the last quarter. Range Financial Group LLC grew its position in shares of Marathon Petroleum by 6.5% during the first quarter. Range Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $353,000 after buying an additional 107 shares in the last quarter. Southland Equity Partners LLC bought a new stake in shares of Marathon Petroleum in the first quarter worth $247,000. Finally, Global Assets Advisory LLC bought a new position in Marathon Petroleum during the 1st quarter valued at $36,823,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.0 %

MPC stock opened at $158.30 on Monday. The firm’s 50-day moving average is $167.72 and its two-hundred day moving average is $175.38. The company has a market capitalization of $55.77 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.32 earnings per share. On average, analysts forecast that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.08%. Marathon Petroleum’s payout ratio is currently 16.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MPC shares. Wells Fargo & Company reduced their price target on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. TD Cowen boosted their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Citigroup reduced their price target on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.